AfterPay...still not blowing me away

Afterpay half yearly financials dropped today, and its a bit of a shocker.


1. Profits for the year dropped to a $22 million loss for the quarter (and this is the Christmas quarter)


2. Cash Flow was a stinker...$157 million loss of dollars from the Operating Cash Flow. For the half!!! If it continues, they are looking at $300 million dollars in cash loss for the year. And the book value of the business is only $340 million!


3. Had to issue more debt and more share capital to make up the difference. $160 million in share capital and $21 million in Debt. Wonder why they didn't issue more debt.


4. They sold their European E-services Business line. Odd for a company that wants to expand globally.


5. PayNow division (which is the platform, rather than the accounts receivables business) dropped by 30% That was due to the European sale.




So all up, I still seem some issues with this business. Needs better results than this to get me excited. I just see a world of more capital raisings to come...all of which should reduce the share price. But hey, I could be wrong.


Note: Still not a recommendation to do anything with this company. If pain persists see your financial advisor!

Is there a climate signal in reduced rainfall in Bourke NSW?

Doesn't look like it. No statistically significant reduction in rainfall since 1945.

Travel Companies on the ASX - who shall we fly with?

One of the best investments I have made has been with WebJet. Bought them when they were around $3 and then sold a few at $14. Not a bad return at all when you get a four bagger!

Gloss has come off them a little over the last few months, so wondering if I should rebalance my holdings in this segment.

So I went to my trusty metric, the comparative advantage index and compared Webjet, Flight Centre, Helloworld and Corporate Travel Management. over the last 3 years. And we get the following

So it looks like Helloworld has been travelling the best with around 144% outperformance over the ASX over 3 years. (though their profit disappointed a couple of days ago), Webjet still outperforming the ASX200 with 109% over 3 years and the dark horse of Corporate Travel Management outperforming as well at 99% (and its up around 11% today). Forget Flight Centre, at 6% over 3 years its Gooooooooooooonnnnnnnnnnn.

Might need to look more at CTD and Helloworld for mine...

Note: Not a recommendations to invest/not invest in any company. If pain persists see your financial planner.